The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-07-20
BUSINESS OUTLOOK.
Trade Reports From eli the Interior Points
Very Favorable.
Present Prices of Stocks, Less Assess
ments Paid, About Three Per Cent.
Higher Than a Year Ago.

New YORK, July i5.-R. G. Dun & Co.
in their weekly review of trade, say: Ex-
ports OF breadstnffs, cotton, animals and
animal products and petroleum in June
were $32 66S, 81, against $3S 63S 224 for the
same month last year. Breadstuffs in
creased S. 300 900, and cattle S27l, 900.
Cotton decreased 50, 100. 600, provisions
500, 900 and oil $344, 200. With other ex-
ports as last year the aggregate for June
would be 50,000,o 600, against about $59,-
OO0, 600 imports, making the excess of i'm
ports for three months $40, 000, 900. Cotton
held above foreis n markets accounts for
SIS, 600 OF this loss, and re-
ent.failures indicate that this speculation
was not wiser than the one in wheat I'M
loading of those who bought wheat after
KershaH's failure has depressed No. red
here TO S21Sc, a fall of over 40 for the
week, and 241zc since June 80. With ex-
ports of 153 $40, 900 bushels for the past
year, the stock carried over includes 81 ,000,-
600 visible supply" 5000, 600 bushels in
California, and certainly 100000 in
farmers hands, besides ali -four on hand
facts which establish the correctness of es-
Inmates made months ago that the surplus
would exceed 100000 bushels. In
spite of railroad earnings, which gained Is
per cent. in June, and encouraging assur-
ances by prominent men, and continued
proof that the interstate act is not toibe
construed by courts as to do all the harm
apprehended, prices of stocks have been
lower. TAe market depends not upon
values or earnings, but upon individual
notions as to the question whether the
famous "Ives dealn is merely undealt or
misdeal. 1t is a case of a lone row of
bricks on end, If one banker calls doubt
full loan he fears that it will cause other
calls and a topping over all along the
line. So every body waits for the market,
and the market waits for long promised
settlements 10 materilize. Why invest
oIs are not buying, statistics of new build
ings and real estate sales may explain. If
the country has in six months invested
100000 coo il new buildings, 800, 600, 900
in developing Southern manufactures and
mines, besides cost of buildings and as
much more in the rest OF the country, and
$l00, eco 600 in new railroad building, it
cannot have an Unlimited sum ready to
employ in lifting prices of securities. The
cash outside The treasury and hanks, with
the deposits amounted to 81, 1G2 900 year
ego. or $50 20 per capita. and now amount
10 50, 326, 600, or 1910 per capita. Present
prices of stocks, less assessments paid, are
about per eent. higher than a year ago.
Pork is 80 per cent higher; cotton 10 per
CENT. higher; coffee 50 per cent. higher; pig
iron Y per cent higher; steel rails 10 per
cent. higher; wheat per cent. lower; corn
per cent. lower; OIL y per cent. lower, and
beet Is per cent. lower.
From ell interior points trade reports are
favorable, considering the season, and col
lections fair. Money is q trife easier at
Nashville, in good demand at Cleveland,
and plenty at Kansas City ADD Detroit.
Unusual activity in tobacco is noted at
Cincinnati. A syndicate is said to have
bought COCO 600 pounds, third OF the
Kentucky "Blue Grass crop"
hon is stronger. The New York state
ment Of the iron production is 80 600 tons
lets for The half year than the Pittsburg
eccouni, which would make the half year S
consumption of domestic and imported
iron and steel 25S 600 tons, against 3 916,-
0CO for the first half of 1886. Some strin.
gency at Western points affects prices OF
wool. Wool tricots are much depressed,
a sale OF $500 pieces being noted at 1875,
against soc last year, and one house opens
| lightweight cheviots at 81 25, which were
| reduced to 81, 81 last year. In the cotton
branch of dry goods prices are well main
| tanned.
The business failures during the last
seven days number, for the United States
149; for Canada, 80; total. 1919. compared
with 154 last week, and 1S3 for the CORES
ponding week of last year.